STORY OF THE DAY
Proper asset valuation is essential in turbulent times

Story of the week

News Proper asset valuation is essential in turbulent times
27
Jun
2022

Proper asset valuation is essential in turbulent times

by Michał Poręcki
Monika Bronicka, Director and Head of Valuation and Advisory at Avison Young talked to Property Forum about the current challenges to the valuation of properties under rapidly-changing market conditions in Poland.
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Retail

News Cushman&Wakefield Czech Republic report retail retail park
27
Jun
2022

Czech retail space growth sets 5-year record in 2021

by Property Forum
The year 2021 has recorded over 65,000 sqm of the space in newly completed retail parks. This is the highest growth of the retail space in the Czech Republic in five years. Behind this success, there is mainly the stable interest among shoppers, long-term lease contracts and tenant expansion as also a surge of interest among investors. Nevertheless, the higher costs are now slowing the construction of the new retail parks. Therefore, a boost in the demand for space and likely push up rents as well are expected, states Cushman & Wakefield in their last report.
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Zacaria to invest in new retail park near Sibiu Over 500,000 sqm of new retail space planned in Romania Czech ministry rejects plans for CZK 10 billion palace renovation

Office

News Bucharest CBRE Florin Tirla Indotek office One Victoriei Center Romania Stratulat Albulescu Vitalis
27
Jun
2022

Indotek Group buys office building in Bucharest

by Property Forum
Hungarian investor Indotek Group has purchased the One Victoriei Center office building in central Bucharest as part of its expansion strategy for an undisclosed sum. 
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Eight office buildings under development in Cluj-Napoca C&W delivers community building services for GTC AFI Tech Park 2 in Bucharest gets LEED Platinum precertification

Industrial

News industrial LCube Poland warehouse
27
Jun
2022

LCube to build new warehouse park in Mszczonów

by Property Forum
Warehouse developer LCube has started preparations for the implementation of his next investment. In Mszczonów, on a plot of approx. 8 ha, a facility of approx. 35,000 sqm is to be built.
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Older warehouses are having their day in Poland P3 buys brownfield in Katowice for warehouse development Faedra sells part of its logistics park outside Budapest

Investment

News Avison Young Bank Pekao Newbridge Poland refinancing retail
27
Jun
2022

Bank Pekao refinances Newbridge's Polish retail park portfolio

by Property Forum
Bank Pekao S.A. completed the €10 million refinancing project of a retail park portfolio owned by Newbridge Poland. The investor was advised in this process by the Avison Young investment team.
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Atrium sells Optima shopping mall in Slovakia Immofinanz to sell assets worth €1 billion in line with new strategy Adventum closes purchase of 18 retail parks anchored by Tesco

Interview

News ČMN Czech Republic financing interview investment office Prague
24
Jun
2022

The last two years have brought the best investments at the best prices

by Tumova Vera
To be a small and dynamic company, which makes decisions quickly based on consensus and its own analysis and reasoning. These are the secrets to being the most active investor in Prague even in the past two difficult years, according to Českomoravská Nemovitostní (ČMN’s) new CEO, Karel Bor, who talked to Property Forum about the company’s investment strategy.
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Alinso Group has the resources, the vision and the appetite Space as an office is dead, long live space as a service There is a high level of liquidity among real estate investors

Hotel

News Cushman&Wakefield hotel Ljubljana operation SEE Slovenia
23
Jun
2022

Equinox Nepremičnine to operate three hotels in Ljubljana

by Property Forum
Equinox Nepremičnine d.d., the first public limited company on the Ljubljana Stock Exchange to engage in real estate leasing and development, has just negotiated a strategic 20-year lease on Grand Hotel Union, uHotel and Hotel Lev in Ljubljana. The deal was signed with world-renowned Hotusa Group, for a cumulative rent exceeding €110 million. The operator search was exclusively organised by Cushman & Wakefield.  
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Premiot to build new four-star hotel in Budapest

Career

News Budapest GTC Hungary leasing Marketing office
23
Jun
2022

GTC Hungary hires new top managers

by Property Forum
Edina Magó will step up as Marketing Director and Nikoletta Ispánki will join the company as Commercial Director. The new appointments will strengthen the focus to enhance the growing markets.
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Get to know “The 50 most influential people on Romania’s real estate market” NEPI Rockcastle announces changes in leadership Savills opens new office in Tricity

Residential

News Adi Steiner Bucharest Quartier Azuga Romania STC Partners
23
Jun
2022

STC Partners to develop new resi project in Bucharest

by Property Forum
STC Partners will invest more than €20 million in a new residential complex comprising over 200 apartments in Bucharest. The first development phase of Quartier Azuga will kick off in October 2022 and is slated for delivery in the first semester of 2024, while the entire project should be completed in early 2025. Crosspoint Real Estate has been appointed exclusive sales agent. 
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PDS plans new Prague districts with 8000 flats in 12 locations Camicna Development invests in luxury resi project in Bucharest Gran Via expands resi project in Constanța

Report

News design development ESG European ESG Forum event Poland sustainability
16
Jun
2022

The carbon net-zero journey is something everybody needs to participate in

by Michał Poręcki
Green certificates are becoming the norm in CEE but words like 'excellent' or 'platinum' don't always provide enough information about a building's overall environmental impact. Developers, architects and advisors were discussing the real cases of ESG principles` implementation during a panel at the European ESG Property Forum conference in Warsaw, moderated by Oana Stamatin, ESG Chief Officer at Colliers.
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Higher construction costs to push rents up for new projects in Romania ESG is not just a tick-box exercise anymore for Europe’s top investors How will rising prices impact construction in Slovakia?

Economy

News Bratislava city development report revitalisation Slovakia
23
May
2022

Bratislava has a new plan for recovering the old town

by Property Forum
Since the 1970s, the centre of Bratislava's Old Town has been divided by the multi-stream road Staroměstská Street. The City Hall, together with the Bratislava Metropolitan Institute, now has a plan to improve the area. They want to build a park and a large pedestrian plaza above the road to bring the divided city together and add a new residential and recreational space to the city, the Slovak capital's city hall has announced.
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Obtaining a building permit in Slovakia to become faster Czech gov't wants digitalisation instead of a central building authority Slovakia approves new laws on construction and spatial planning

New leases

  • Heilind, a global distributor of connectors, relays and terminal blocks, has leased around 4,000 sq m of warehouse and office space in Hillwood Mysłowice. The lease transaction was brokered by global real estate services firm Cushman & Wakefield.
  • Siemens Energy has leased 7,500 sqm in the second phase of One Cotroceni Park Office, developed by One United Properties. The lease transaction closed for 10 years was brokered by real estate consultancy JLL Romania.
  • Chairry, a company specializing in fit-out - complete interior design solutions, has leased 240 sqm in UpGround complex in northern Bucharest. The project is owned by Globalworth.

New appointments

  • Garbe Industrial Real Estate CEE expands its teams in the region with the appointments of Veronika Zacha and Jan Hradecky, both are coming from Panattoni. Veronika Zacha is joining as Senior Business Development Manager for Czechia and Jan Hradecky will hold a Project Manager position.
  • Colin King has been appointed Strategic Advisor of Romanian PropTech Bright Spaces. King has worked for over 30 years with large public companies and private mid-cap growth businesses, all with revenue well in excess of £1 billion.
  • Bryan Wilson has left Wilsons as Partner and is now Head Of CEE at DUAL Asset, a London-based comprehensive title insurance solution provider.

Latest news




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